NASSAU, Bahamas, June 27, 2022 /PRNewswire/ -- Cannaverse Technologies ("Cannaversetech™"), the pioneering cannabis Metaverse platform, has officially retained the law firm Fox Rothschild LLP as their legal counsel in connection with their Metaverse, Cannaland™, under development as the world's first cannabis-focused Metaverse.
As legalized cannabis has become a rapidly expanding industry in the United States, Fox Rothschild has become a leading law firm assembling a national team of skilled and experienced attorneys to assist cannabis businesses with their legal needs at every step.
Leading Fox Rothschild's efforts for Cannaversetech™ will be Vijay Choksi, an accomplished cannabis attorney who leverages an insider's understanding of businesses to serve the commercial and regulatory legal needs of clients in the medical and adult-use marijuana sectors. His in-house experience means that in addition to possessing detailed knowledge of state and federal laws and regulations that govern the legal cannabis, health care and CBD sectors, he understands their practical implications for operations and is well-versed in corporate matters and has negotiated contracts governing a broad variety of aspects of business, including manufacturing, licensing, security, lab testing, business associate relationships and commercial leases.
"We are thrilled to welcome Fox Rothschild as Cannaland's official legal counsel," said Mark Bonner, CEO of Cannaversetech™. "As this emerging industry faces unprecedented issues, Fox Rothschild is uniquely qualified to help us navigate the industry's complexities, especially while the consumption of cannabis remains prohibited at the federal level."
Vijay Choksi, Counsel for Fox Rothschild, added, "We have experience working as counsel for highly regulated businesses and are familiar with navigating the constantly evolving matrix of cannabis compliance regulations, having helped draft some of the legalization legislation. We look forward to helping guide Cannaversetech™ to navigate the complicated regulations in this new digital medium."
For the business community, Cannaland™ will feature opportunities to set up locations, advertise, and converse virtually with the feel of real-world experiences. A virtual Mainstreet in Cannaland™ will also feature a place where users can experience a variety of retail concepts, including consumption lounges.
About Fox Rothschild
Fox Rothschild LLP (www.foxrothschild.com) is a full-service law firm built to serve businesses of all sizes as well as individuals. Over the past 100 years, we have grown to 950 lawyers nationwide. Clients come to Fox because we understand their issues, their priorities and the way they think. At Fox, we care about your success as much as you do.
About Cannaverse Technologies
Cannaversetech™, the creator of Cannaland™, under development as the world's first cannabis Metaverse and pioneer in cannabis product marketing, manufacturing, and merchandising with an innovative blockchain payment system, is intended to empower cultivators, growers, testing labs, manufacturers, wholesalers, retailers, medical dispensaries, and consumption lounges with the ability to scale and monetize their brands while directly addressing the existing gaps in the cannabis industry. Cannaversetech™'s meta marketplace on the blockchain will revolutionize the global cannabis industry by connecting every facet of the cannabis and hemp communities in a Metaverse environment. For more information, visit www.cannaversetech.io.
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SOURCE Cannaverse Technologies